Tallinn/Riga/Vilnius, Nasdaq Baltic Market, March 2, 2023 – Nasdaq (Nasdaq: NDAQ) announces that bonds issued by Eco Baltia, the largest environmental and waste management group in the Baltics, have been admitted to trading on the Nasdaq Baltic First North market by Nasdaq Riga as of today.
The listing of Eco Baltia bonds follows its public offering to Latvian and Lithuanian investors. Based on demand for the bonds, the offering was oversubscribed more than 3.5 times with total volume of 28.49 million EUR from more than 250 private and institutional investors.
CEO of Nasdaq Riga Daiga Auziņa-Melalksne: "We are excited to partner with Eco Baltia and delighted to celebrate their successful entry to stock exchange. We look forward to growing our partnership and supporting Eco Baltia growth and we wish the company success in achieving their further business and sustainability goals!”
„Joining the capital markets and listing our inaugural bonds on Nasdaq stock exchange is significant milestone for Eco Baltia, signaling confidence in our growth prospect and providing access to a wider range of investors in the future. We are determined to fulfill our strategic goals by expanding our operations and promoting circular economy in international level and balance our growth ambitions with strong ESG strategy, financial discipline and transparency, ensuring that we meet our obligations to the investors and other stakeholders,” says Māris Simanovičs, Chairman of the Management Board at Eco Baltia.
“Funds raised from investors will be used for acquisitions to achieve the strategic goal of developing the environmental and waste management group as a strong regional leader. Listing the bonds on the public market will also undoubtedly increase Eco Baltia’s visibility to investors,” says Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund and Chairman of the Supervisory Board of Eco Baltia.
